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Course Outline/Methodology
Resources
July 6/8
Review/Introduction of Microeconomic Principles: Supply and Demand
,
Economics for Dummies is a good text, but I think the Eggert chapters below are better
Overview of the economic problem
Basic Tools of Mecroeconomics
Markets -- Demand and Supply
Applications, and Current Events for Discussion
July 13
Microeconomic Principles: Demand, Competition and Monopoly
MOST IMPORTANT READINGS
Optional -- Alternative explanations/illustrations of basic concepts
July 15
Market Failures/Microeconomic Applications
MOST IMPORTANT READINGS
Current Events for Class Discussion
Papers for Class Discussion
Optional -- Alternative explanations/illustrations of basic concepts
July 20
Trade TheoriesFor Class Discussion -- Current Events
Most Important Readings
Other Readings
July 22
Modern Theories of TradeFor Class Discussion
Most Important Readings
Robert Looney, The USA and International Trade (Sakai, Resources, Europa United States, The USA and International Trade 2019, Sections on: Overview and Recent Trends, Major Trading Partners Trends,
Other Readings
July 27
Protectionism -- Tariffs/Non-Tariff Barriers
For Class Discussion
Most Important Readings
Other Readings
Current events for class discussion
July 29
Trade Agreements--GATT/WTO
For Class Discussion
Most Important Readings
Other Readings
Other Readings
August 3
Security, Global Competition and United States Policy
For Class Discussion
Most Important Readings
Other Readings
August 5
Economic Integration -- United States/NAFTA
Current Events
Most Important Readings
Other Readings
Hina Rabbani Khar, Gated Globalization, in Mark Leonard ed., Connectivity Wars: Why Migration, Finance and Trade are the Geo-Economic Battlegrounds of the Future. Midterm Question
August 10
Sanctions
Current Events for Discussion
Most Important -- Sanctions
Final Exam Question
August 12
MIDTERM EXAMINATIONAugust 17
Balance of Payments/Introduction to Exchange RatesCurrent Events for Class Discussion
Most Important Readings
Other Balance of Payments
August 19
Determinants of Exchange RatesCurrent Events for Discussion
Most Important Readings
The index is based on the theory of purchasing-power parity, which says that exchange rates should eventually adjust to make the price of a basket of goods the same in each country.
Burgernomics shows Switzerland has the most overvalued currency
Other Exchange Rate Readings
August 24/26
Macroeconomics/Payments AdjustmentIf you haven't had economics before, the chapters in Eggert bring you up-to-speed.
GDP, National Accounts
Macroeconomic Theory -- Most Important
Current Events for Discussion
August 31
International Monetary System/Global Financial InstitutionsMost Important Readings
September 2/9/14
Global Crisis/Current DevelopmentsMost Important
Other Articles
September 18
FINAL EXAMINATION 1-3